Vix

Here is some recent Vix discussion from the trading room : The excerpt in unedited and recent : [10:55] Shai C: a higher vix and lower price is actually a false notion of the mkts[10:55] Shai C: does not happen all the time[10:56] Lingaraju Haralahalli: Shai, I fully agree on that[10:56] Shai C: maybe when […]

OrderFlow

After two days of activity, the Nifty Future has managed to close at exactly the developing point of control and today’s lows were exactly at the VWAP for the series. Viren’s charts posted over the weekend haven’t changed much and neither has been the assessment for the series. During such times it is better to […]

Structure

One of the more important aspects of market profile and something which is not understood very well is the importance of structure in building a strong trend. A good trend should have good structure and the arrangement of parts and the inter-relationships of these at multiple layers gives us a good understanding of the quality, […]

Profile charts for 22nd Feb

The Italics are the comments from yesterday. Bank Nifty : ——– It was a trend day with a difference ( not a text book one)– Mkt broke the mentioned supports from yesterday.– The pull back rally high is 11144.– Pull back rally is the afternoon adjustment of inventory and the trend of the previous days […]

Trade Alerts : 21st Feb

*** INTRA-DAY TRADES *** * Buy Nifty 5452 , sl 5434, tgt 5475exited at 5445.-7 * Buy Nifty 5430 , sl 5445, tgt 5405exited at 5438.-7 * Buy Nifty 5467 , sl 5450, tgt 5520booked all profits at 5516.+ 51 *** OPEN TRADES **** Buy SBI at 2750, sl 2688, tgt 2841/ 2886 ***Total points […]

Options/futures data for 18th Feb 2011 (EOD)

I apologize for not posting regularly. Most of last week I was so overwhelmed with lots of tasks/meetings/travel that I couldn’t post. Summary:1. With expiry week weighing upon Nifty, Friday’s action seemed like cows coming back home after grazing the entire day. The range for expiry as indicated by options table is 5400-55002. 5500 is […]

Expiry

Viren here. My current commitments prevent me from watching the market action in the way I love, the screen flickering every second in front of me. Even though it’s painful to see so many opportunities pass by, I take recourse in the next best thing I know.Swing Trade with Market profile.Actually Market profile is a […]

Trade Alerts : 19th Feb

*** INTRA-DAY TRADES *** * Sell Nifty 5560 , sl 5575, tgt 5454Profits booked at 5432.+ 28 *** OPEN TRADES **** Buy SBI at 2750, sl 2688, tgt 2841/ 2886 * Buy NF 5530, sl 5504, tgt 5567. BTST. Profits booked at 5575.+ 45 ***Total points for the Day : Mini Nifty :Nifty :73Bank Nifty […]

Profile charts for 19th Feb

The Italics are the comments from yesterday. Bank Nifty : —-– The BN did not find willing sellers below val.– strength abv the DD took the market straight up to 11144.– 11008/ 11064 are new short term supports—— – It was a trend day with a difference ( not a text book one)– Mkt broke […]

Critical level

Here is a composite profile from yesterday afternoon. 5408 marked the zone where the previous auction ended and the new one started which took the Nifty to 5485. Hence we prefer to look at this as one single profile than two from yesterday. Currently the seller is testing the breakout zone. The large TPO buildup […]